Investopedia: Pringles Already Paying Off For Kellogg

If early returns are any indication, it looks like the nearly $3 billion deal for Pringles is going to work out for Kellogg (NYSE:K). Management has already indicated, through SEC filings and this quarterly report, that the deal is looking even more accretive than originally expected, and it looks like the cereal business is also improving. The biggest question with Kellogg would seem to be whether the company can deliver real growth at the operating/EBITDA line, but today's valuation already seems to expect solid improvements there.

Please continue reading here:
http://www.investopedia.com/stock-analysis/2012/Pringles-Already-Paying-Off-For-Kellogg-K-GIS-CPB-HNZ1102.aspx